S 
12.25
-2.31%
Close of 9 Nov 2026, in CNY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥53.01bn
FY2016FY2025
Net income
CN¥680.1m
FY2016FY2025
Free cash flow
CN¥1.16bn
FY2016FY2025
Shareholders' equity
CN¥61.60bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥53.01bn | CN¥89.00bn | CN¥119.17bn | CN¥115.46bn | CN¥168.23bn | CN¥145.48bn | CN¥85.85bn | CN¥54.13bn | CN¥40.53bn | CN¥27.97bn |
| Gross profit | CN¥14.01bn | CN¥15.99bn | CN¥17.36bn | CN¥17.17bn | CN¥29.56bn | CN¥32.59bn | CN¥27.09bn | CN¥19.60bn | CN¥14.40bn | CN¥7.80bn |
| Research and development | — | CN¥11.4m | CN¥20.4m | CN¥24.6m | CN¥32.9m | — | — | — | — | — |
| Operating income | CN¥5.43bn | CN¥2.97bn | CN¥4.47bn | CN¥3.03bn | CN¥19.32bn | CN¥23.01bn | CN¥18.41bn | CN¥16.07bn | CN¥8.76bn | CN¥4.49bn |
| Net income | CN¥680.1m | CN¥752.4m | CN¥737.1m | CN¥1.39bn | CN¥12.60bn | CN¥15.26bn | CN¥12.65bn | CN¥10.49bn | CN¥6.03bn | CN¥3.02bn |
| Diluted earnings per share | 0.30 | 0.11 | 0.10 | 0.21 | 2.03 | 2.46 | 2.15 | 1.70 | 1.07 | 0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥268.53bn | CN¥309.12bn | CN¥377.09bn | CN¥463.47bn | CN¥540.11bn | CN¥544.49bn | CN¥468.24bn | CN¥336.86bn | CN¥189.40bn | CN¥104.88bn |
| Cash and short-term investments | CN¥6.83bn | CN¥7.47bn | CN¥13.81bn | CN¥24.13bn | CN¥48.84bn | CN¥61.29bn | CN¥60.80bn | CN¥41.43bn | CN¥20.54bn | CN¥11.91bn |
| Total liabilities | CN¥190.99bn | CN¥222.34bn | CN¥286.58bn | CN¥370.46bn | CN¥442.69bn | CN¥463.02bn | CN¥410.43bn | CN¥291.13bn | CN¥164.77bn | CN¥89.70bn |
| Debt | — | CN¥62.31bn | CN¥66.27bn | CN¥78.94bn | CN¥105.52bn | CN¥98.39bn | CN¥75.60bn | CN¥72.03bn | CN¥41.99bn | CN¥26.80bn |
| Shareholders' equity | CN¥61.60bn | CN¥46.35bn | CN¥45.87bn | CN¥44.75bn | CN¥42.16bn | CN¥35.77bn | CN¥24.99bn | CN¥19.15bn | CN¥12.78bn | CN¥9.24bn |
| Shares outstanding | 2,256m | 7,044m | 7,044m | 6,540m | 6,191m | 6,197m | 5,899m | 6,154m | 5,658m | 5,658m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | CN¥1.45bn | −CN¥2.64bn | CN¥6.00bn | CN¥14.53bn | CN¥15.60bn | −CN¥6.63bn | CN¥37.66bn | CN¥320.9m | −CN¥13.58bn | CN¥5.58bn |
| Capital spending | −CN¥296.6m | −CN¥49.4m | −CN¥281.2m | −CN¥8.02bn | −CN¥1.47bn | −CN¥1.21bn | −CN¥565.9m | −CN¥500.1m | −CN¥703.9m | −CN¥569.3m |
| Free cash flow | CN¥1.16bn | −CN¥2.69bn | CN¥5.72bn | CN¥6.51bn | CN¥14.13bn | −CN¥7.83bn | CN¥37.09bn | −CN¥179.2m | −CN¥14.28bn | CN¥5.01bn |
| Dividends paid | −CN¥3.05bn | −CN¥3.38bn | −CN¥4.41bn | −CN¥5.94bn | −CN¥2.55bn | −CN¥1.93bn | −CN¥1.77bn | −CN¥958.6m | −CN¥282.9m | −CN¥1.14bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥10.33bn | CN¥7.32bn | CN¥18.64bn | CN¥22.10bn | CN¥9.31bn | CN¥55.09bn | CN¥17.00bn | CN¥33.90bn |
| Gross profit | CN¥3.06bn | CN¥2.78bn | CN¥5.73bn | CN¥5.93bn | CN¥2.44bn | CN¥8.67bn | CN¥2.43bn | CN¥7.32bn |
| Operating income | CN¥1.78bn | CN¥1.37bn | CN¥3.14bn | CN¥1.30bn | CN¥1.23bn | CN¥1.15bn | CN¥962.2m | CN¥1.82bn |
| Net income | CN¥537.1m | CN¥311.6m | −CN¥293.8m | CN¥590.4m | CN¥304.4m | −CN¥565.7m | CN¥136.4m | CN¥1.32bn |
| Diluted earnings per share | 0.24 | 0.14 | -0.13 | 0.26 | 0.13 | -0.08 | 0.02 | 0.19 |
| Cash from operations | — | — | — | CN¥213.0m | CN¥93.0m | CN¥187.0m | −CN¥137.0m | CN¥2.95bn |
| Capital spending | −CN¥26.0m | −CN¥13.0m | −CN¥13.0m | −CN¥237.0m | −CN¥38.0m | −CN¥34.0m | −CN¥174.0m | −CN¥83.0m |
| Free cash flow | — | — | — | −CN¥24.0m | CN¥55.0m | CN¥153.0m | −CN¥311.0m | CN¥2.87bn |
| Total assets | CN¥257.68bn | CN¥265.24bn | CN¥265.64bn | CN¥291.18bn | CN¥298.33bn | CN¥309.12bn | CN¥342.66bn | CN¥358.49bn |
| Cash and short-term investments | — | — | — | CN¥9.20bn | CN¥9.00bn | CN¥7.47bn | CN¥13.33bn | CN¥13.19bn |
| Debt | CN¥42.31bn | CN¥41.91bn | CN¥38.23bn | CN¥52.85bn | CN¥53.96bn | CN¥57.83bn | CN¥57.91bn | CN¥59.80bn |
| Shareholders' equity | CN¥62.48bn | CN¥61.91bn | CN¥61.60bn | CN¥61.80bn | CN¥61.17bn | CN¥46.35bn | CN¥61.53bn | CN¥46.83bn |
Financial ratios
Data as of 20 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.4% | 18.0% | 14.6% | 14.9% | 17.6% | 22.4% |
| Operating margin | 10.2% | 3.3% | 3.8% | 2.6% | 11.5% | 15.8% |
| Net margin | 1.3% | 0.8% | 0.6% | 1.2% | 7.5% | 10.5% |
| Return on equity | 1.1% | 1.6% | 1.6% | 3.1% | 29.9% | 42.7% |
| Return on assets | 0.3% | 0.2% | 0.2% | 0.3% | 2.3% | 2.8% |
| Free cash flow yield | 6.3% | -3.0% | 7.3% | 28.2% | 22.5% | -7.1% |
| Revenue growth | -40.4% | -25.3% | 3.2% | -31.4% | 15.6% | 69.5% |
| Earnings growth | -9.6% | 2.1% | -47.1% | -88.9% | -17.4% | 20.6% |
| Current ratio | 2.57x | 0.90x | 0.92x | 0.96x | 1.06x | 1.10x |
| Debt to equity | 0.84x | 1.25x | 1.33x | 1.69x | 2.36x | 2.77x |
| Equity ratio | 22.9% | 15.0% | 12.2% | 9.7% | 7.8% | 6.6% |
| Interest coverage | 1.58x | 1.08x | 1.72x | 1.03x | 13.91x | 14.11x |
| R&D as a share of sales | — | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Buybacks as a share of market value | 68.0% | 0.0% | -7.7% | -5.6% | 0.1% | -5.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.9% | -18.3% | 8.4% |
| Operating income | 21.4% | -25.1% | 5.2% |
| Net income | -21.3% | -46.3% | -9.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.1% | 17.1% | 18.4% | 21.9% |
| Operating margin | 5.9% | 4.2% | 8.4% | 11.8% |
| Net margin | 1.0% | 0.9% | 4.6% | 7.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 46.2 | 112.0 | 109.0 | 96.2 | 14.3 | 14.2 | 18.1 | 13.9 | 27.4 | 22.1 |
| Price to sales | 0.6 | 0.9 | 0.7 | 1.2 | 1.1 | 1.5 | 2.7 | 2.7 | 4.1 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Jul 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|
| Paid in the year | 2.05 | 1.70 | 1.50 | 0.81 | 0.33 | 0.083 |
- 13-for-10 split · 21 Apr 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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